Commercial Bank Activity
Merger
American River Bank, Sacramento, to merge with and into Bank of Marin, Novato Approved: 7/20/21
Bank of Feather River, Yuba City, to merge with and into Plumas Bank, Quincy Effected: 7/01/21
Boston Private Bank & Trust Company, Boston, Massachusetts, to merge with and into Silicon Valley Bank, Santa Clara, California Effected: 7/01/21
First Choice Bank, Cerritos, California, to merge with and into Enterprise Bank & Trust, Clayton, Missouri Effected: 7/22/21
First Florida Integrity Bank, Naples, Florida, to merge with and into First Foundation Bank, Irvine, California Filed: 7/28/21
Ohana Pacific Bank, Honolulu, Hawaii, to merge with and into Commonwealth Business Bank, Los Angeles, California Effected: 7/13/21
Purchase of Partial Business Unit
Cathay Bank, to acquire the banking business of ten branch offices of HSBC Bank USA, National Association and additional loans and deposits associated with the West Coast mass market consumer and retail banking business Filed: 7/9/21
Application for Trust Powers
Silicon Valley Bank 3003 Tasman Drive, Santa Clara, Santa Clara County Effected: 7/01/21
Premium Finance Company Activity
New Premium Finance Company
Ultimate Premium Finance, INC. 411 W. Lambert Rd, Brea, Orange County Approved: 7/28/21
Credit Union Activity
Merger
Federal Employees West Federal Credit Union, Los Angeles, to merge with and into Credit Union of Southern California, Anaheim Approved: 4/30/21 Effected: 7/01/21
My Credit Union, Redwood City, to merge with and into San Francisco Federal Credit Union, San Francisco Filed 7/28/21
Solano First Federal Credit Union, Fairfield, to merge with and into Valley Strong Credit Union, Bakersfield Approved: 3/25/21 Effected: 7/01/21
Money Transmitter Activity
New Transmitter
CSG Forte Payments, Inc Opened: 7/09/21
Wave Financial USA Inc. Filed: 7/28/21
Acquisition of Control
Paysafe Group Holdings II Limited, to acquire control of Skrill USA, Inc. Approved: 7/19/21
Voluntary Suspension of Operations
The Department of Financial Protection and Innovation (DFPI) has been notified that Moneydart Global Services Inc. has voluntarily suspended all money transmission operations in California effective Dec. 15, 2020, through Sept. 20, 2021. Consumers may contact Shanti Om Bade at 732-582-6416 ext. 132 or by e-mail at shantiom.bade@moneydart.com.
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